$3,600,000

616 Mariposa Ave Avenue, Los Angeles 90004

12

Beds

16

Baths

7,124

Lot Size

4

# Of Units

Listing Agent
Drew Dunn - Four Brothers Real Estate, Inc.

Coming Soon in the Opportunity Zone: 616 N Mariposa Ave—a brand-new, architecturally stunning fourplex that seamlessly blends luxury living with exceptional investment potential in the heart of Hollywood. Each thoughtfully designed unit features 3 spacious bedrooms and 3.5 bathrooms, all with en suite baths and custom closet systems for optimal organization and style. Expansive living spaces provide the perfect balance of functionality and elegance, while kitchens are outfitted with exquisite white oak cabinets, under-cabinet lighting, and striking white and gray marble countertops with full miter edges and waterfall islands offering ample additional storage. Every unit is equipped with a brand-new stainless steel appliance package, including a refrigerator, dishwasher, stove, washer, and dryer, complemented by fully paid-off solar panels for added energy efficiency. Floor-to-ceiling windows, multiple balconies, and private rear yards create an elevated living experience, while high-end aluminum-grade windows provide exceptional soundproofing and durability. Unlike many new builds that compromise living areas to add bedrooms, these units prioritize spacious layouts ideal for gatherings and everyday comfort. The tech package features Ring cameras on entry doors and exterior areas, Nest thermostats for HVAC, smart garage doors, advanced smart appliances, and comprehensive network wiring throughout for seamless connectivity. The Gold-rated Green Certified building ensures sustainability and cost savings, making this a modern, eco-friendly choice. The property includes 8 parking spaces (4 covered, 4 uncovered) with the potential to add 4-6 more, offering a rare opportunity to convert both garages into ADUs while still maintaining 10+ on-site parking spaces. Delivered vacant or leased, this non-rent-control property is projected to achieve conservative pro forma rents with a 5.5% cap rate, with significant upside potential through future ADU conversions. Each unit is EV ready and separately metered for utilities, ensuring a low-maintenance, hands-off investment. The fully enclosed lot features a new vinyl fence along the sides and rear, with a custom wrought iron gate and automatic opener at the front, providing privacy and security. Also included in the sale is a 1-year builder warranty! Located in a prime area near Larchmont Blvd, Silver Lake, and Hollywood. Ready for lease-up starting February 1st! Excellent investment with huge tax saving opportunities!

Facts & Features

MLS® # OC25006038
Price $3,600,000
Bedrooms 12
Bathrooms 16.00
Lot Size 7,124
Year Built 2025
Type Residential Income
Sub-Type Quadruplex
Style Contemporary
Status Active
# Of Units 4

Community Information

Address 616 Mariposa Ave Avenue
Area C20 - Hollywood
City Los Angeles
County Los Angeles
Zip Code 90004

Amenities

Parking Spaces 8
Parking Door-Multi, Garage, Garage Door Opener, Gated, On Site, Side By Side, Uncovered, Tandem
# of Garages 4
Garages Door-Multi, Garage, Garage Door Opener, Gated, On Site, Side By Side, Uncovered, Tandem
View City Lights
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Vinyl, Wood
Interior Features Built-in Features, Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Wired for Data, Bedroom on Main Level, Walk-In Closet(s)
Appliances Dishwasher, Electric Range, Disposal, High Efficiency Water Heater, Microwave, Water Heater, Dryer, Washer, Electric Cooktop, Electric Water Heater
Heating Central
Cooling Central Air, High Efficiency
Has Basement No
Fireplace No
Fireplaces None
# of Stories 3
Stories Three Or More

Exterior

Lot Description Front Yard, Lawn, Landscaped, Street Level

Additional Information

Date Listed January 9th, 2025
Days on Market 7
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDrew Dunn
OfficeFour Brothers Real Estate, Inc.

Listing Map

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